ANI
22 Jun 2022, 10:57 GMT+10
New Delhi [India], June 22 (ANI): Domestic equity benchmark indices - Sensex and Nifty - declined during the morning session on Wednesday in line with weakness in US futures contracts, said analysts.
At 9.21 a.m, sensex was at 52,226.91 points, down 305.16 points or 0.58 per cent, whereas nifty was at 15,529.00 points, down 109.80 points 0.70 per cent.
Besides, Asian markets are trading on a mixed note as investors are reacting to the latest bounce in the US markets, said Mobit Nigam, Head - PMS at Hem Securities.
Among the individual stocks, Hindalco, ONGC, Tata Steel, JSW Steel, and Bajaj Finserv were the top five losers among the Nifty 50 companies, while Bajaj Auto, Dr Reddys, Hindustan Unilever, Maruti Suzuki, and Brittania the top five gainers, National Stock Exchange data showed.
Nervousness in the markets will keep coming up unless it sees signs of inflation stabilizing and reversing globally, said Deepak Jasani, Head of Retail Research of HDFC Securities.
The indices rallied for the second consecutive day the previous session i.e. Tuesday, with benchmark Sensex surging 934 points powered by across-the-board buying support on account of positive global cues.
Notably, domestic indices had declined during the majority of the sessions in June. During the past month, Sensex slipped over 4 per cent.
"Pull back rallies can be sharp and it was sharp yesterday. The important question is: will this continue? There is no economic news, except the softness in crude, to sustain the rally," said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. (ANI)Get a daily dose of Central Asia Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Central Asia Times.
More InformationIn the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
Chinese FM calls for joint efforts in finding right way for China, U.S. to get along China and the United States should work together...
New Delhi [India], July 12 (ANI): In a remarkable decision taken at the 47th Session of the World Heritage Committee, India's official...
How the Wests recklessness is testing Moscows nuclear patience A multipolar world is, by its nature, a nuclear one. Its conflicts...
The Hague [Netherlands], July 11 (ANI): Italy made history after securing qualification for the 2026 Men's T20 World Cup in India and...